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Oracle CEO Larry Ellison Steps Down

Posted by timothy on from the one-real-american-named-larry-ellison dept.

mrspoonsi writes Oracle founder Larry Ellison is stepping down as CEO. He will be replaced by two executives. Former Oracle presidents Safra Catz and Mark Hurd will be co-CEOs. Ellison will be the Executive Chairman of Oracle's Board, and the company's CTO. Oracle's shares are off by 3% on the news. "Larry has made it very clear that he wants to keep working full time and focus his energy on product engineering, technology development and strategy," said the Oracle Board's Presiding Director, Dr. Michael Boskin.

8 of 142 comments (clear)

  1. One of the most overpaid execs in history by Blahblagger · · Score: 2, Insightful

    It's about time he stopped siphoning off shareholder value via executive compensation.

    1. Re:One of the most overpaid execs in history by binarylarry · · Score: 4, Insightful

      Oracle workers look GOOD?

      The fuck up everything: http://koin.com/2014/09/17/ora...

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      Mod me down, my New Earth Global Warmingist friends!
  2. Co-CEOs.. by Rodness · · Score: 3, Insightful

    Because that worked out SO well for Blackberry.

  3. Re:DING DONG! by bobbied · · Score: 3, Insightful

    The Wicked Witch is dead!

    Apparently not, just replaced with two of her minions. She's still going to be there doing "product development" or some such. My guess is the two minions will take the fall for Ellison's mistakes.

    --
    "File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
  4. I commented because I could not mod in good faith. by slack_justyb · · Score: 4, Insightful

    I just couldn't stomach the idea of up-voting all of the ding-dong the witch is dead comments, no matter how much I wanted to blow all my mod point here. Instead I'll just add to the crush of Ellison hate, especially considering the whole notion of copyrighting APIs that the smug dickface motherfucker is trying to pander to make a few quick ones from Google.

  5. Wow. The end of an era. by msobkow · · Score: 3, Insightful

    That's almost as big as when Bill Gates stepped down from Microsoft -- it's the end of an era.

    It'll be interesting to see what direction Oracle heads without him at the helm.

    --
    I do not fail; I succeed at finding out what does not work.
  6. Re:Let the hate fly! by Bing+Tsher+E · · Score: 2, Insightful

    Oracle is the big hairy ape database who has prevailed.

    That success doesn't mean it isn't a big shit-hurling ape.

    It's way too late to second guess what we would have if the big hairy ape hadn't prevailed and didn't dominate. But there probably wouldn't be the overwhelming stench of apeshit we've all been forced to be accustomed to.

    It probably pays well, being that close to the ape shit.

  7. Re:Let the hate fly! by FlyingGuy · · Score: 3, Insightful

    Don't worry, COBOL didn't die quickly...

    I don't usually feed the trolls so I am so very sorry to put a damper on your rant, but it is far from dead.

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    Hey KID! Yeah you, get the fuck off my lawn!